Medallion Financial (MFIN) Set to Announce Earnings on Monday

Medallion Financial (NASDAQ:MFIN) is scheduled to be issuing its Q3 quarterly earnings data after the market closes on Monday, November 12th. Analysts expect the company to announce earnings of $0.11 per share for the quarter.

Medallion Financial (NASDAQ:MFIN) last posted its quarterly earnings results on Tuesday, August 14th. The credit services provider reported ($0.32) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.20). The company had revenue of $29.60 million during the quarter. Medallion Financial had a negative net margin of 47.96% and a negative return on equity of 8.25%. On average, analysts expect Medallion Financial to post $-2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

MFIN stock opened at $7.04 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $172.05 million, a price-to-earnings ratio of 22.71 and a beta of 1.56. Medallion Financial has a twelve month low of $2.46 and a twelve month high of $7.25.

MFIN has been the subject of several research analyst reports. Zacks Investment Research upgraded Medallion Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 18th. ValuEngine upgraded Medallion Financial from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 2nd. Finally, B. Riley set a $10.00 target price on Medallion Financial and gave the stock a “buy” rating in a research note on Tuesday, November 6th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Medallion Financial currently has an average rating of “Buy” and an average price target of $8.33.

ILLEGAL ACTIVITY NOTICE: This report was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.dispatchtribunal.com/2018/11/11/medallion-financial-mfin-set-to-announce-earnings-on-monday.html.

Medallion Financial Company Profile

Medallion Financial Corp., through with its subsidiaries, operates as a specialty finance company in the United States. It originates, acquires, and services loans that finance taxicab medallions and various types of commercial businesses. The company offers consumer loans for the purchase of recreational vehicles, boats, motorcycles, and trailers, as well as to finance small scale home improvements; and commercial loans for the purchase of equipment and related assets necessary to open a new business, or purchase or improvement of an existing business.

Further Reading: How is a Moving Average Calculated?

Earnings History for Medallion Financial (NASDAQ:MFIN)

Receive News & Ratings for Medallion Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medallion Financial and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply